Tax exemption notification under section 10(23C)(v) requires exclusive application of income and specified investments for specific assessment years. Notification recognizes Jagadguru Sir Sankaracharya Swamigal Srimatam Samsthanam under section 10(23C)(v) for specified assessment years, subject to conditions: income must be applied wholly and exclusively to the institution's objects; funds (other than certain voluntary contributions in kind) must be invested only in modes permitted by subsection (5) of section 11; and income from business is excluded unless the business is incidental to the objectives and is accounted for in separate books.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption notification under section 10(23C)(v) requires exclusive application of income and specified investments for specific assessment years.
Notification recognizes Jagadguru Sir Sankaracharya Swamigal Srimatam Samsthanam under section 10(23C)(v) for specified assessment years, subject to conditions: income must be applied wholly and exclusively to the institution's objects; funds (other than certain voluntary contributions in kind) must be invested only in modes permitted by subsection (5) of section 11; and income from business is excluded unless the business is incidental to the objectives and is accounted for in separate books.
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